May 28, 2020 19:18 JST

Source: Hitachi, Ltd.

Hitachi Announces Change in the Effective Date for Company Split and Closing Date of Share Transfer

Regarding Company Split related to Diagnostic Imaging-related Business and Transfer of Shares in the New Company

TOKYO, May 28, 2020 - (JCN Newswire) - Hitachi, Ltd. (TSE: 6501) announced in the press release issued on December 18, 2019 that it has decided to execute an absorption-type split involving the diagnostic imaging-related business, currently undertaken by Hitachi and its consolidated subsidiaries and affiliate companies, through which the Business will be transferred to a newly established company serving as a successor company, and transfer all shares in the New Company to FUJIFILM Corporation (TSE: 4901) after the Company Split.

Hitachi and Fujifilm have scheduled the effective date for the company split above and the closing date of the Share Transfer on July 1, 2020. However, because of the reasons such as delays in some of the preparations for the execution of the Transaction due to the spread of novel coronavirus (COVID-19) around the world, Hitachi and Fujifilm agreed to change the Execution Date. The new Execution Date has not yet been determined and will be promptly given as soon as determined.

For the full details, visit: http://www.hitachi.com/New/cnews/month/2020/05/f_200528.pdf.


About Hitachi, Ltd.
Hitachi, Ltd. (TSE: 6501), headquartered in Tokyo, Japan, is focusing on Social Innovation Business that combines information technology (IT), operational technology (OT) and products. The company's consolidated revenues for fiscal 2019 (ended March 31, 2020) totaled 8,767.2 billion yen ($80.4 billion), and the number of employees was approximately 301,000 worldwide. Hitachi delivers digital solutions utilizing Lumada in five sectors including Mobility, Smart Life, Industry, Energy and IT, to increase social, environmental and economic values of its customers. For more information on Hitachi, please visit the company's website at https://www.hitachi.com.


Source: Hitachi, Ltd.
Sectors: Electronics, Local Business

Copyright ©2020 JCN Newswire. All rights reserved. A division of Japan Corporate News Network.

Related Press Release


Hitachi and Microsoft Form a Strategic Alliance to Advance Next-generation Digital Solutions for Manufacturing and Logistics across Southeast Asia, North America and Japan
June 26 2020 13:00 JST
 
SDK Subsidiary, Hitachi Chemical Changes Name
June 23 2020 15:00 JST
 
Hitachi: Establishment of and Participation in the ESG Disclosure Study Group Comprised of 19 Companies in the Private Sector
June 11 2020 12:50 JST
 
Hitachi Provides a Free Cloud Service for 3D Procedure Manuals Using Hitachi's Assembly Navigation System
June 08 2020 08:00 JST
 
Hitachi Awarded Contract to Supply, Install 300 Lifts at HDB Blocks in Singapore
May 19 2020 10:57 JST
 
Hitachi to Provide $1 Million in Loans through Kiva to Businesses in Need around the Globe, Affected by the Spread of the COVID-19
May 18 2020 12:24 JST
 
Hitachi's First Proton Therapy System in Europe Opens at Clinica Universidad de Navarra in Spain
May 08 2020 09:22 JST
 
Hitachi's Actions for the Prevention of the Spread of COVID-19
April 22 2020 17:24 JST
 
Hitachi Automotive Systems Acquires German Automotive Device Software Developer seneos GmbH
April 16 2020 18:36 JST
 
Hitachi to Accelerate Global Expansion of Lumada Business Gaining SaaS-based AI and Data Analytics Businesses in Asia
April 10 2020 16:20 JST
 
More Press release >>

Latest Press Release


More Latest Release >>